Volatile prices, shifting geopolitical alliances, ESG pressures, and the uncertain pace of the global energy transition are squeezing traditional financing models. Africa’s upstream oil and gas industry is at a defining moment. The continent is rich in reserves and ambition, but capital is no longer flowing as easily as it once did. Volatile prices, shifting…
President Ruto plants a tree on his arrival for the 2nd Africa Climate Summit in Addis Ababa, Ethiopia. PHOTO/Presidency. By PATRICK MAYOYO and Agencies [email protected] African leaders gathering in Addis Ababa for the Second Africa Climate Summit have issued a unified and urgent demand: a complete overhaul of the global climate finance architecture. They called…
Africa’s leading development financiers have sounded the alarm that weak and underfunded financial institutions are threatening the African Union’s most ambitious blueprint — Agenda 2063, the continent’s 50-year plan for industrialization, integration, and prosperity. Speaking on Monday at the Intra-African Trade Fair (IATF2025) in Algiers, a high-level panel of executives from Afreximbank, the African Development…
Nairobi — Ahead of the Conference of the Parties (COP30), the Second Africa Climate Summit (ACS2) in Addis Ababa is looking to mobilize billions for renewable energy, sustainable agriculture, green housing, and gender-focused financing. As climate shocks intensify across East Africa, from failed rains in Kenya’s arid north to devastating floods in Tanzania’s coastal belt,…
Addis Ababa, Ethiopia — Somali President Hassan Sheikh Mohamud arrived Saturday in the Ethiopian capital Addis Ababa to attend the second edition of the Africa Climate Summit, an event bringing together leaders from across the continent to address the growing challenges posed by climate change. President Mohamud is scheduled to deliver a keynote address highlighting…
Abuja — Speaker of the House of Representatives, Hon. Tajudeen Abbas, yesterday, clarified his earlier comments on Nigeria’s N149.39 trillion debt, stressing President Bola Tinubu was committed to ensuring that borrowing remains responsible and tied to productive investments. Also, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressed optimism about…
A new HIV prevention jab has the potential to bring an end to the AIDS epidemic. But a lack of ambition and unjustifiable secrecy over pricing is holding it back, argue three leading health activists. Imagine a new HIV prevention tool existed that could – if it reached the right people – flick the switch…
As the second Africa Climate Summit opens ActionAid has called on African leaders to seize the moment and chart a path away from fossil fuels and industrial agriculture warning against “false solutions” such as carbon offsets. The organisation said the gathering is a critical chance to put the rights of frontline communities at the heart…
“Being supported by the Graça Machel Trust to showcase my product at a regional stage such as SIW was incredibly affirming. It showed that rural businesses like ours can compete globally, and it tells young women back home that their ideas can travel far beyond the village.” – Robyn Brown, Manager of All Things Last…
Tunisia Denies Drone Attack on Greta Thunberg’s Gaza Aid Boat Tunisian authorities denied claims that a Gaza-bound aid vessel carrying activists, including Greta Thunberg, had been struck by a drone while anchored off Sidi Bou Said. The organisers of the flotilla, Global Sumud Flotilla (GSF), said that the Portuguese-flagged vessel had been struck by…
